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2001 SESSION

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HJ 547 Constitutional amendment; surplus revenues, refunds to taxpayers.

Introduced by: Harry R. (Bob) Purkey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); surplus revenues; refunds to taxpayers. Provides for a refund to taxpayers of all surplus revenues remaining at the end of each biennium, as long as such surplus exceeds $50 million. The surplus will be refunded to income taxpayers based on the taxpayer's share of the total income tax revenues in the year of the surplus.


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